Tag: State Owned Enterprise (SOE)

As economic and political dynamics shift in 2025, the South African (SA) Rand risks signal that we could be in for a bumpy ride. However, it might not be all downhill. Looking at the major market forces at play, there are top pressures on the Rand in 2025 that will be decisive for the Rand’s performance in the coming year.

With the state of the nation having taken place earlier this month, I find myself rolling my eyes continuously. The ridiculousness of it all is hard to believe. I can’t believe our country has come to this.

In a significant move towards enhancing efficiency, transparency, and accountability in public procurement processes, the gazetted Public Procurement Act of 2024 (Act) aims to revolutionise the way government entities engage in procurement activities.

How to get rich in the 21st century details how India’s prime minister wants his country to reach rich world status by 2047. His formula lies in incentivising homegrown industry, a diversified services base, and a relentless focus on what’s good for the economy.

Minister of Finance Enoch Godongwana delivered his Budget Speech 2024 to Parliament and the nation on 21 February 2024. A key announcement was that tax rates will not be increased in 2024/2025, as previously signalled by the Medium-Term Budget Policy Statement (MTBPS) 2023, to generate the extra R15 billion needed in revenue.

With the budget speech being delivered in an election year, I expect to hear populist promises and over-optimism which is geared more to voters than the financial markets. We will need to scrutinise the numbers coming out of the budget very carefully to see if Finance Minister Enoch Godongwana’s budget proposals are viable and achievable given the country’s high debt burden and strained tax base.

Nicholas Woode-Smith | Contributing Author  | Free Market Foundation | mail me| Parastatals, state-owned enterprises, and government interference in the economy all contribute to the...

Election season is coming up soon in South Africa, and those with governmental power have started promising jobs to the millions who are unemployed. Yet anyone who has an inkling of economic knowledge would know that the politicians are writing cheques with their mouths, and that they will be unable to cash their actions.

As a result of the collapse of almost every government service and state owned enterprise, South Africans are perforce increasingly seeking ways to avoid or replace government services. State insurers have also failed.

Estimated Tax Freedom Day (TFD) – the day after the country has earned enough money to pay for government – will be on May 14 this year. That is 2 days later than last year’s prediction. The prediction is based on the intended level of tax collection for central government mentioned in the Budget Speech.